Interest at the current rate definition

Interest at the current rate means that amount of interest which would have been credited to the account of the member on the amount to be deposited at the interest rates established for the system if the contribution required by that section had been on deposit from the time he became a member of the system until the amount required to be deposited has been paid.
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Examples of Interest at the current rate in a sentence

  • Interest at the current rate of 1.5% per calendar month, and subject to change from time to time, will be calculated from the Day it was payable to the date it is paid in full.

  • Interest at the current rate of 2.5% per calendar month, and subject to change from time to time, will be calculated from the day the Charge was payable to the date it is paid in full.

  • Interest at the current rate is charged on notes, and no interest is charged on advances.

  • Interest at the current rate of 2.0% per calendar month, and subject to change from time to time, will be calculated from the day the Charge was payable to the date it is paid in full.

  • In the three decades before 1980, gross domestic product (GDP) growth rates averaged 3.5% per annum, and per capita growth rates were 1% per annum.

  • Bonus declaration is highly discretionary by insurers and is not well disclosed to policyholders in many cases.

  • Failure to provide payment within the 28-day period may incur, at the discretion of Naturally Wild, Late Fees and Statutory Interest at the current rate as outlined on GOV.uk.

  • Communicate with YMGI-technical support line at (866)833-3138 x 703, if further help necessary.Following these requirements will aid in ensuring that the units to be installed meet general HVAC practicing standards and necessary factory requirements.

  • Interest Interest, at the current rate of 10.25% effective from 1 May 2016 (SARS 2016f), applies to both the tax on the under-reported income and the penalties imposed on the taxpayer in terms of s 89quat of the Act (Deloitte 2016:235).

  • Interest at the current rate calculated on daily available balance will be credited monthly (usually on the last day of the month) to the Senior Citizen Savings Account.

Related to Interest at the current rate

  • Payment Rate means the rate (expressed in €/MWh, €/Mvarh or €/MWs2h as appropriate) for the calculation of payments for DS3 System Services as specified in the Charging Statement;